Question: Bramble Company uses the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred

Bramble Company uses the weighted-average process cost system. The Molding Department addsmaterials at the beginning of the process and conversion costs are incurreduniformly throughout the process. Work in process inventory on May 1 was

Bramble Company uses the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Work in process inventory on May 1 was 75% complete and work in process inventory on May 31 was 60% complete as to conversion costs. Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information below. (Round unit costs answers to 2 decimal places, e.g. 52.75.) BRAMBLE COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2022 Equivalent Units of Production Conversion Costs QUANTITIES Physical Units Materials Units to be accounted for Work in process, May 1 10,240 Started into production 40,960 Total units to be accounted for 51,200 Units accounted for Completed and transferred out 44,800 Work in process, May 31 6,400 Total units accounted for 51,200 COSTS Unit costs Costs in May Materials $179,200 Conversion Costs $206,720 Total

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